Managing the Conflict Between “Going Green” and Preventing Disastrous Energy Shortages – Permian Basin Is a Global Strategic Asset
November 29, 2022
We have shared our views about the importance of more aggressive development of oil & gas reserves as a critical component of a U.S. response to the escalating struggle between autocratic regimes and democracies. We have pointed out that there really is not a conflict between green energy and fossil fuels in the near term. And, Tom Friedman of the New York Times best articulated that position as we discussed in our blog post earlier this month . However, two highly respected investment analysts in the O&G industry, Dan Pickering and Tom Petrie, addressed a Hart Energy Conference in Midland last week underscoring just how critical the Permian Basin is to U.S. oil production, and more importantly, the U.S. has the ability to substantially ramp up its production of hydrocarbons as a means to soften the blow of foregone Russian O&G supplies.
We at First Keystone are 100% behind the policies that Petrie and Pickering are advocating, and thus, we continue to offer for lease industrial warehouses in Pecos, the hub of the Delaware Basin.
The opinions expressed above reflect only those of the author and do not represent those of the First Keystone Pecos Industrial Park organization. First Keystone welcomes responsible fact-based discourses on these topics.